Electronic Arts (EA) Downgraded to “Buy” at Vetr

Vetr downgraded shares of Electronic Arts (NASDAQ:EA) from a strong-buy rating to a buy rating in a report issued on Monday morning. Vetr currently has $121.82 target price on the game software company’s stock.

EA has been the subject of several other research reports. Goldman Sachs Group lowered shares of Electronic Arts from a conviction-buy rating to a buy rating in a report on Tuesday, December 12th. BMO Capital Markets lowered their price target on shares of Electronic Arts from $100.00 to $97.00 and set a market perform rating for the company in a report on Thursday, November 2nd. Jefferies Group restated a buy rating and set a $135.00 price target on shares of Electronic Arts in a report on Thursday, August 31st. Piper Jaffray Companies restated a buy rating and set a $128.00 price target on shares of Electronic Arts in a report on Thursday, October 12th. Finally, KeyCorp restated a buy rating and set a $134.00 price target on shares of Electronic Arts in a report on Sunday, November 19th. Six research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company. The company currently has an average rating of Buy and an average price target of $123.26.

Electronic Arts (EA) opened at $107.34 on Monday. The company has a current ratio of 2.38, a quick ratio of 2.38 and a debt-to-equity ratio of 0.23. Electronic Arts has a fifty-two week low of $77.94 and a fifty-two week high of $122.79. The stock has a market cap of $33,650.09, a P/E ratio of 28.09, a price-to-earnings-growth ratio of 1.80 and a beta of 0.61.

In related news, CEO Andrew Wilson sold 10,058 shares of Electronic Arts stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $118.04, for a total value of $1,187,246.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Jacob J. Schatz sold 1,000 shares of Electronic Arts stock in a transaction on Wednesday, September 20th. The shares were sold at an average price of $120.77, for a total transaction of $120,770.00. The disclosure for this sale can be found here. In the last three months, insiders sold 67,874 shares of company stock valued at $7,572,291. 2.55% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Parametric Portfolio Associates LLC boosted its holdings in Electronic Arts by 5.3% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 1,040,924 shares of the game software company’s stock worth $122,891,000 after acquiring an additional 52,313 shares during the last quarter. Public Employees Retirement System of Ohio boosted its holdings in Electronic Arts by 7.9% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 310,233 shares of the game software company’s stock worth $36,626,000 after acquiring an additional 22,816 shares during the last quarter. Coastline Trust Co boosted its holdings in Electronic Arts by 11.2% during the 3rd quarter. Coastline Trust Co now owns 23,230 shares of the game software company’s stock worth $2,743,000 after acquiring an additional 2,345 shares during the last quarter. IFM Investors Pty Ltd purchased a new position in Electronic Arts during the 3rd quarter worth $1,018,000. Finally, Independent Advisor Alliance boosted its holdings in Electronic Arts by 11.0% during the 3rd quarter. Independent Advisor Alliance now owns 4,573 shares of the game software company’s stock worth $542,000 after acquiring an additional 452 shares during the last quarter. 93.51% of the stock is owned by institutional investors and hedge funds.

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About Electronic Arts

Electronic Arts Inc develops, markets, publishes and distributes games, content and services that can be played by consumers on a range of platforms, which include consoles, personal computers (PCs), mobile phones and tablets. The Company’s games and services are based on a portfolio of intellectual property that includes established brands, such as FIFA, Madden NFL, Star Wars, Battlefield, the Sims and Need for Speed.

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